Figuring out whether youre for me or trump, then you aint black. Bidens push back on this question is he taking the black vote for granted . Guilty pleas. Lori loughlin and Fashion Designer husband mossimo giantheir roles in the College Admissions scandal. Their deal with prosecutors and where the full house star could be serving her prison time. And wild weather this weekend. The severe storm threat for the plains and midwest. A reported tornado damaging homes and cars. In texas heavy rains flooding roads. Robs got your Holiday Weekend forecast. Hey, good morning. Happy saturday on this unusual memorial day weekend. We have a lot to cover this morning. In the last 24 hours there are more than 24,000 new cases of the coronavirus here in the cases in the world. Just behind the u. S. Surging past russia overnight. The World Health Organization is now calling brazil the new epicenter of the pandemic. And the cdc is estimating 35 of people with covid19 dont exhibit any symptoms. Thats much
Weve seen for the dow in a row, the first time thats happened since february this is all happening despite crude oil prices the treasury shows you the tenyear is yielding 0. 627 . There are crude oil prices, generally when weve seen pressure on crude oil, thats put pressure on equities as well thats not the case this morning. Wti is indicated down by over 15 . Thats a decline of 2. 66 to 14. 28 a barrel. Brent crude down by just 3. 3 . Its now trading at 20. 73 andrew meantime, an update on the pandemic and the numbers we bring you every morning about where we stand heres where we do stand global cases now are at 2. 9 million. In perspective, cases in the United States are at 965,000, closing in on 1 million. 288,000 of those cases are from new york state with another 109,000 of them in the neighboring new jersey yesterday new York Governor Andrew Cuomo outlined the states plans to reopen the economy in phases beginning on may 15th now, the first phase involves construction and manufac
He is in charge of 2. 3 trillion. Relief is on the way for millions of americans meanwhile and has a 2 trilliondollar coronavirus package is expected to help Small Businesses and individuals as soon as next week. It includes funding for public health, Small Businesses, Small Business loans, Unemployment Benefits and direct payment to americans. Steven mnunchin tells me that the new bank Lending Program will be ready by next friday. Chairman powell and i are speaking multiple times a day, every day. Even before this legislation was passed, the fed requested use of 133, those are there emergency powers, the way this works is the fed makes a request to me as treasury secretary, i have to approve it, ive approved all the requests so far, weve announced five of these transactions using existing money that we had before the legislation was passed, and the mechanism works in some of these where the fed is doing certain transactions, vacant credit support from the treasury and money that we pu
Out within the have and havenots of retail, the targets versus the macys and jcpenneys. We have the oecd cutting its Global Growth forecast for this year, in particular germany. They see growth up there just 0. 4 . But the market goes nowhere. The markets really want to drive higher here. For globalow exchange, where we bring you todays market moving news from all around the world, from beijing to new york to atlanta. Our bloomberg voices are on the ground with this mornings top stories. In china, top trade negotiator liu he says he is cautiously optimistic on a trade deal. Shawn donnan joins us from beijing. Whatever we learned so far from china . Shawn we learned that liu he, the vice premier, has been sending out some positive signals. What is important about that is at comes at a time when some folks in the market and some folks close to the talks are warning that these talks are in a pretty fragile state and could fall apart still. Liu he, as part of a visiting delegation last nig
With vote vote the presiding officer are there any senators in the chamber wishing to vote or change their vote . If not, the yeas are 85, the nays are 1. The nomination is confirmed. Under the previous order, the motion to reconsider is considered made and laid upon the table and the president will be immediately notified of the senates action. Mr. Kennedy mr. President . The presiding officer the senator for louisiana. Mr. Kennedy mr. President , i have three requests for committees to meet during todays session of the senate. They have thate approval of the majority and of the they have the approval of the majority and minority leader leaders. The presiding officer without objection. Mr. Kennedy thank you, mr. President. Mr. President , i ask unanimous consent that the senate proceed to legislative session and be in a period of morning business with senators permitted to speak therein for up to ten minutes each. The presiding officer without objection. Mr. Kennedy thank you, mr. Pre